LONDON (Reuters) – P&O Ferries broke the law by sacking 800 seafarers last week without consulting unions, the company’s chief executive Peter Hebblethwaite said on Thursday. “There’s absolutely no doubt that we were required to consult with the unions…
N.Korea says tested new ICBM, prepared for long confrontation with U.S.
By Josh Smith and Hyonhee Shin SEOUL (Reuters) -North Korea said it tested a new, powerful type of intercontinental ballistic missile on Thursday, marking an end to a self-imposed moratorium on long-range testing in place since 2017 and drawing interna…
LME benchmark nickel jumps 15%, hits price limit in thin market
By Eric Onstad LONDON (Reuters) – Nickel prices lurched higher to hit their daily limits in London and China on Thursday with the large moves fuelled by thin trading conditions. Industrial metals have rallied as disruptions from the Russia-Ukraine conf…
Wall Street powers stocks higher, oil lower as world leaders press Russia
By Lawrence Delevingne (Reuters) -U.S. stocks rose following choppy trading abroad on Thursday, and oil prices pulled back, as investors watched Western leaders present a unified front against Russia’s invasion of Ukraine. Technology companies lifted U…
Swiss National Bank says it has sold most of its Russia-related assets
ZURICH (Reuters) – The Swiss National Bank (SNB) has sold most of its Russia-related assets and sees only limited risk for the Swiss financial sector from the war in Ukraine, its chairman said on Thursday. “We had a very small amount of assets related …
Bank of England questions tighter bank capital rules after Ukraine invasion
By David Milliken and Huw Jones LONDON (Reuters) -The Bank of England said on Thursday that it might not go ahead with plans announced in December to raise banks’ capital requirements in the coming quarter, given Russia’s invasion of Ukraine. The BoE s…
Dubai ruler’s ex-wife gets custody of children after ‘exorbitant’ domestic abuse
By Michael Holden LONDON (Reuters) – Dubai’s ruler, Sheikh Mohammed bin Rashid al-Maktoum, inflicted “exorbitant” domestic abuse against his ex-wife, a senior British judge has concluded as he awarded her sole responsibility for looking after their chi…
West gives more support to Ukraine, raises stakes for Russia
By Jarrett Renshaw and Gabriela Baczynska BRUSSELS (Reuters) -NATO promised Kyiv new military support and assigned more troops to the alliance’s eastern flank while London and Washington stepped up sanctions on Moscow during a trio of summits on Thursd…
Britain’s Next trims guidance on overseas outlook
By James Davey LONDON (Reuters) -British clothing retailer Next reported a 10% rise in annual profit but trimmed its guidance for 2022-23, with a better than expected start to the year in its home market offset by a deteriorating picture overseas. Shar…
Mining firm backed by Bezos and Gates to begin Greenland drilling
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, said on Thursday it would begin drilling in Greenland for critical materials used in electric vehicl…